Charts of the week from 13 to 17 July 2026: number of persons in employment, activity in construction, current account of the balance of payments and road freight transport
The number of persons in employment has remained broadly stable since the beginning of the year and, in the first five months, was similar to its level in the same period last year. There are, however, considerable differences across activities: employment declined year-on-year particularly in manufacturing and some…
Charts of the week from 22 to 26 June 2026: economic sentiment, average gross wage per employ and real estate
Economic sentiment improved further in June and, following January, once again rose above its long-term average. Growth in the average gross wage remained relatively strong in April in both the public and private sectors, with the average gross wage over the first four months of the year 7.3% higher on average in nominal terms than in the…
Slovenian Economic Mirror 4/2026: Relatively favourable economic developments at the beginning of the second quarter; inflation accelerates
Economic developments remained relatively favourable at the beginning of the second quarter amid heightened uncertainty. Following stronger growth since the beginning of the year, exports remained broadly unchanged in April and were higher in real terms year-on-year in the first four months of 2026. This…
Charts of the week from 15 to 19 June 2026: Slovenian industrial producer prices, number of persons in employment and activity in construction
Slovenian industrial producer prices increased by 0.7% month-on-month in May, while year-on-year growth accelerated to 2.1%, reaching its highest level since August 2023. The strongest price increase was recorded in durable consumer goods. The value of construction put in place has been…
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
GDP growth is projected to strengthen to 2.0% this year (from 1.1%), broadly in line with autumn’s expectations. The export sector will gradually recover, supported by improved prospects for industrial production in Slovenia’s main trading partners. Investment activity will continue to expand, driven primarily by public investment. Growth in private consumption will strengthen this year alongside further increases in real disposable income. Inflation this year (2.6% at year-end) is expected to remain similar to last year, amid above-average growth in services and food prices.
Labour market
Employment is expected to stagnate due to limited labour supply, while unemployment will remain low. Wage growth will be higher this year than last (6.7% in nominal terms; 6.5% in the public sector and 6.7% in the private sector). Growth will be particularly pronounced in the private sector, where last year’s slowdown was largely statistical (extra payments were significantly reduced following the introduction of the winter bonus, which is not included in wage growth).
International trade
Growth in exports of goods and services is projected to strengthen this year. Goods export growth will be supported by the recovery of industrial production in Slovenia’s trading partners, investment in the pharmaceutical industry, the launch of production of a new car model, and a higher number of working days. Growth in services exports will also increase. Amid moderate growth in domestic demand, import growth will outpace export growth. As a result, the current account surplus will narrow, reflecting a widening deficit in trade in goods.
IMAD
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.